Delta (Air Lines) buys a refinery in bid to cut its fuel bill
Source: AP-Excite
By JOSHUA FREED
Delta Air Lines is buying a refinery in a novel - and some say risky - attempt to slice $300 million a year from its escalating jet fuel bill.
The Atlanta airline said Monday that is buying the Trainer, Pennsylvania refinery near Philadelphia for $150 million from Phillips 66 (PSXWI), a refining company being spun off from ConocoPhillips. (COP) The refinery has struggled to make money, and ConocoPhillips planned to shut it down if it couldn't find a buyer.
So why is Delta buying it?
Fuel has become the largest and most volatile expense for most airlines, including Delta. U.S. airlines paid an average of $2.86 a gallon for jet fuel last year, up from $2.09 in 2007, according to the Bureau of Transportation statistics. Nobody likes to see the price of gas climb, but for airlines consuming billions of gallons a year, it can be downright crippling. Consider this: Delta's planes burned through 3.9 billion gallons of fuel last year, costing the airline $11.8 billion - 36 percent of its operating expenses.
Read more: http://apnews.excite.com/article/20120430/D9UFHHI03.html
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Where can I find a jet fuel powered car! 
Still cheaper than gas here... Looks like I know my next investment! 
